STOCKHOLM, Sweden -- The Laganskaya-1 exploration well in the northern Caspian Sea has been spudded, according to Lundin Petroleum.
The well, with a planned depth of 2,000 m (6,562 ft), is targeting Cretaceous and Jurassic Sandstone reservoirs. The Laganskaya structure is situated towards the southwest of the recent Morskaya discovery but on a different structural trend associated with existing onshore fields.
The Laganskaya-1 well is the second in a four well drilling program planned for 2008 and 2009.
The gross unrisked prospective resources for the Laganskaya prospect are estimated at 106 MMboe.